Anglo American plc — News

Anglo American LON: AAL reported higher first-half profit and cash generation as stronger copper prices, by-product credits and cost control supported its simplified portfolio, while the company continued work on asset sales and its planned merger with Teck.

marketbeat.com - 2026-07-30 06:05:49

The U.K. mining group—which is in the process of merging with Canada's Teck Resources—reported a narrowed net loss due to smaller write-downs on assets it is selling.

wsj.com - 2026-07-30 02:46:00

Copper and iron ore production remained resilient, guidance was reaffirmed, and copper unit cost guidance was cut by around 15%, strengthening the earnings outlook. The Teck merger remains on track, the Australian met coal disposal has been agreed for $3.875 billion, and the Codelco partnership at Los Bronces could unlock additional low-cost copper production. De Beers remains the main weak spot. Using conservative normalized commodity prices and excluding potential Teck-related synergies, we remain buyers.

seekingalpha.com - 2026-07-28 11:10:28

Anglo American PLC's (LSE:AAL) interim results next Thursday are expected to show stronger copper profitability offset by weaker iron ore pricing and losses from businesses being prepared for sale. The miner's second-quarter production update this week was broadly reassuring, with copper and iron ore output around 1% ahead of expectations, according to Deutsche Bank.

proactiveinvestors.co.uk - 2026-07-24 11:05:28

Shares in Anglo American PLC (LSE:AAL) rose 5% to 3,703p after the FTSE 100 miner slashed its cost forecasts for its copper business, the division that will define the group after its merger with Canada's Teck Resources. Unit cost guidance for copper, the cash cost of producing a pound of metal, was cut to about 145 cents from roughly 172 cents previously.

proactiveinvestors.co.uk - 2026-07-23 04:20:10

Anglo American (AAUKF) is transforming into a copper-led critical minerals group, simplifying its portfolio and focusing on high-quality copper and iron ore assets. The pending Teck merger positions AAUKF as a top-five global copper producer with over 70% copper exposure, aiming to attract a new investor base and strategic premium. Recent portfolio reshaping includes divestitures in coal, nickel, and platinum, robust cash flow generation, and balance sheet repair, supporting a cleaner, growth-oriented business model.

seekingalpha.com - 2026-07-14 13:05:10

JPMorgan has placed Anglo American PLC (LSE:AAL) on "Negative Catalyst Watch" ahead of its scheduled 23 July update, warning cost inflation could dent earnings across European diversified miners despite improved valuation support. The broker said the sector has underperformed MSCI Europe by 7% since 9 March and by 20% since June, leaving stocks closer to its price targets.

proactiveinvestors.co.uk - 2026-07-10 09:47:13

Berenberg has downgraded Anglo American PLC (LSE:AAL), the FTSE 100 mining group, to 'hold' from 'buy', taking what it called a breather after a strong run in the shares. The broker said it sat below market consensus for Anglo's first-half results and expected a more neutral share price until the company's merger with Canada's Teck Resources completes.

proactiveinvestors.co.uk - 2026-06-18 10:37:45

Deutsche Bank has lifted its price target on Anglo American PLC (LSE:AAL) from 3800p to 4500p and maintained its buy rating after launching an integrated model combining the mining group with Teck Resources following their merger. The bank's analysis concludes the combined entity will, on completion, create the world's premier listed copper company, with deal closure assumed at the end of 2026.

proactiveinvestors.co.uk - 2026-06-03 05:02:18

The sale of Anglo American's remaining steelmaking coal assets would complete a planned exit months after Peabody Energy withdrew from a similar deal.

wsj.com - 2026-05-18 02:44:00

Anglo American PLC (LSE:AAL) has agreed to sell its Australian steelmaking coal business for up to US$3.875 billion (£2.9 billion) in cash as the miner continues to simplify its portfolio ahead of its planned merger with Canada's Teck. The sale to privately held UK company Dhilmar Ltd includes an upfront cash payment of US$2.3 billion on completion and a price-linked earnout worth up to US$1.575 billion over five years.

proactiveinvestors.co.uk - 2026-05-18 02:41:28

Shares in heavyweight miners, including Anglo American PLC (LSE:AAL) and Fresnillo PLC (LSE:FRES), topped the FTSE 350 leaderboard on Wednesday as metals prices rose on hopes of easing tensions in the Middle East. The moves followed gains in metals prices, with gold up 2.6%, silver rising 4.6% and copper gaining 2.0%, while oil prices fell by a similar amount.

proactiveinvestors.co.uk - 2026-05-06 04:02:18